Ivanka Trump, Nikki Haley in race for the post of head of the World Bank?

WASHINGTON: Former UN Ambassador Nikki Haley and US President Trump's
daughter and adviser Ivanka are among possible US candidates to
replace outgoing World Bank president Jim Yong Kim,
the Financial Times reported on Friday.

Kim abruptly announced Monday he was cutting short his tenure as
the bank's president more than three years before his second term
was due to end. In addition to Trump and Haley, who stepped down as
US ambassador to the UN last month, other names being floated
include treasury undersecretary for international affairs David
Malpass and Mark Green, head of the US Agency for International
Development, the newspaper reported.

Ivanka in 2017 was the driving force behind a $1 billion,
Saudi-supported World Bank fund to promote entrepreneurship by
women. The treasury department said on Friday that it had no
comment in potential candidates. The department has received a
"significant number of recommendations", a spokesperson said. "We
are beginning the internal review process for a US nominee. We look
forward to working with the governors to select a new leader."

Under an unwritten agreement, the US, which is the bank's largest
shareholder, has always chosen its leader since the institution was
founded following World War 2 . But the success of a US candidate
no longer appears completely assured. Kim was the first American
nominee to face a contested election for the World Bank presidency
in 2012 and the bank's board has said its selection process will be
"open, merit-based and transparent," implying non-US candidates
wouldn't be ruled out.

The World Bank Board said it would start accepting nominations for
a new leader next month and name a replacement for Kim byApril. It
said the next president should have a "proven track record of
leadership" and "experience in managing large organisations with
international exposure" . AFP